PRESS DIGEST-British Business - Oct 3

Oct 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

- Britain's energy regulator has said the country is at a "significant risk" of gas shortages this winter because of Russia's war in Ukraine and undersupply in Europe. https://bit.ly/3UY1bk2

- British EV startup Arrival, which last week began production of the first all-electric van made in Britain, has admitted it is talking to big investors to stave off a cash crunch. https://bit.ly/3fxCmeK

The Guardian

- The British Conservative party chair has defended Finance Minister Kwasi Kwarteng and said that people who attended a private champagne reception with him on the day he delivered his mini-budget should be "lauded" as Britain's leading entrepreneurs. https://bit.ly/3Rpppkx

- Britain's Pensions Regulator has for the first time been drafted into high-level emergency talks led by the Treasury and Bank of England as they examine measures to calm financial markets in the wake of the meltdown which followed Kwasi Kwarteng's mini-budget. https://bit.ly/3SNXdZt

The Telegraph

- British Prime Minister Liz Truss could delay the vote on cutting the 45% rate of tax, after former British cabinet minister Michael Gove joined a growing rebellion among Tory MPs at the Conservative Party conference. https://bit.ly/3y9uvKX

- The Bank of England has been liaising with Swiss authorities after an attempt by Credit Suisse to calm nerves instead stoked fears of further turbulence in the financial system. https://bit.ly/3Eb7QkZ

Sky News

- Britain's King Charles will welcome South Africa's president, Cyril Ramaphosa, and first lady to Buckingham Palace for the first state visit of his reign. https://bit.ly/3rlXes6 (Compiled by Bengaluru newsroom)